Skeptics dismissed that as "virtue-signaling" to mollify the anti-business left. But what if the Roundtable signaled a broader turning point, toward reordering America's relationship with the free market itself?points toward that possibility. And "The Economists' Hour," a compelling new book by New York Times journalist Binyamin Appelbaum, helps explain how we got here.
Against a Cold War backdrop pitting capitalism against communism, both Democrats and Republicans embraced market forces as the way to sustain prosperity and solve social problems simultaneously. They produced mixed results. Soviet communism collapsed, and living standards rose in the developing world. Yet rising integration with the global economy didn't halt the long-term slowdown in U.S. growth.
He adds: "But the market revolution went too far. In the United States and in other developed nations, it has come at the expense of economic equality, of the health of liberal democracy and of future generations."
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JohnJHarwood How can capitalism not be in crisis when statist/communist regulators, for their risk weighted bank capital requirements, assign the sovereign a 0% risk weight, and to unrated entrepreneurs 100%?
JohnJHarwood They're in crisis because they cannot make money as they use to earn it while the global trade warfare is dragging on to make their money market shrink each day. If the Asian market shuts down on US, the capitalists would fall dead on the floor like the autumn leaves.
JohnJHarwood Who will come next, years of chaos, after it the wisdom.
JohnJHarwood Lol it’s been in a moment of crisis since 1913
JohnJHarwood I won’t read anything or take anything seriously from John harwood until he drops reporter and journalist from his bio, he’s an activist
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